Post Office RD Scheme: By investing just 7,000 rupees you can collect 12 lakhs in a few years

Post Office RD Scheme: If you are planning to invest in a good scheme for a long period of time. In such a situation, this news is especially for you. Today we are going to tell you about a very great scheme of the post office.

The name of this scheme of the post office is Recurring Deposit Scheme. You get many great benefits by investing in this scheme. The most important thing is that your money invested in this scheme is completely safe. By investing in it, you will not have to face the dangers of any kind of market risks. In the Recurring Deposit Scheme of the Post Office, you do not have to invest a lump sum amount. In this scheme, you have to invest a fixed amount every month and you get a return on it. In this episode, let us know about this scheme in detail –

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Investing in the Post Office Recurring Deposit Scheme currently offers an interest rate of 6.7 percent. You can invest in the Post Office RD Scheme for 5 years. However, you can extend this scheme for another five years.

Also Read: EPFO Claim Rule: You can claim one lakh rupees under PF advance just in 3 days, Know the process

You can invest a minimum of Rs 100 in this post office scheme. However, the maximum investment amount limit has not been fixed. In this scheme, you get the benefit of compounding interest.

If you invest Rs 7,000 every month in the Post Office RD scheme, then you will be able to invest a total of Rs 4,20,000 in five years. If we calculate on the basis of the current interest rate of 6.7, then you will get around Rs 79,564 as interest on your investment in five years. In this way, you will have collected around Rs 4,99,564 after five years.

After this, if you extend the RD scheme for another five years, in this situation you can collect a fund of about Rs 12 lakh. Apart from a single account, you can also open a joint account of three people in this post office scheme.

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